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                <a href="/en/Index.aspx">Home</a> > <a href="/en/MgmtCulture/Index.aspx">Management
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                Mechanism</p>
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                In 1993, with support from the Chinese Academy of Sciences (CAS), a major shareholder,
                Legend Holdings got the rights to 35 percent of the dividends. In 2001, its employees
                bought a 35-percent stake in the company thanks to the support from the CAS and
                relevant government departments. In 2009, China Oceanwide Holdings Group invested
                in Legend Holdings and became the third-largest shareholder, which further improved
                the company’s governance structure to make it more competitive in a market economy.
                In 2011, the company restructured its Employee Shareholding Society and began a
                new share incentive plan.<br />
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                Since 1993, Legend Holdings has made tireless efforts to improve its governance
                structure in a bid to create a more effective mechanism whereby employees’ personal
                pursuits are aligned with the company’s long-term interests. Legend Holdings aims
                to make its employees true owners of the firm and build itself into a “family-like
                business without families.”</p>
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